Overview of the Home Buying Process

It always helps to have step-by-step directions, so we've outlined them in this article.

Set Up a Free Consultation

Schedule a time to talk with one of our friendly mortgage specialists in your area. They will answer your questions and provide helpful advice. There is no cost and no obligation!

Get Pre-Qualified for Free

If you decide it’s the right time to buy a home, the next step is to get pre-qualified. You do this by filling out a short online application. In about 24 hours, you’ll hear back about whether you qualify and how much home you can afford. This will guide your home shopping. From this point forward, you should not make any major purchases that will affect your credit or your debt-to-income ratio.

Find a Real Estate Agent

Talk to at least a few qualified real estate professionals, and then pick one you feel comfortable with. Show them your Pre-Qualification Letter, explain your needs and ask them to help you find a great home in your price range.

Submit an Offer

Once you’ve found a house that meets your needs, work with your real estate agent to submit an offer. Your real estate agent will help you determine the amount and the terms of the offer.

Settle on a Price

After you submit your offer, the owner may provide a counteroffer. Your real estate agent will help you decide on the price, get the home inspected and negotiate the cost of any repairs.

Complete Your Application

Once you’ve settled on the purchase price and terms, your Marquette mortgage specialist will provide you with a list of necessary documents, fill out your application, schedule an appraisal of the property you intend to purchase and initiate a title search.

Insure Your Home

You will need to protect your investment by insuring it. Your mortgage specialist will help you find a suitable insurance provider if you don’t have one. You may also wish to get a home warranty to protect yourself against unexpected costs.

Close on Your Mortgage

Your Marquette mortgage specialist will schedule a time to gather all necessary participants and sign the paperwork, which will transfer ownership of the property from the seller to you.

Ready to get started? You can contact one our trustworthy Mortgage Specialists today from Marquette Bank by calling us at 708-364-2525. Our expert Mortgage Specialist will help you for FREE and can get you started on your home buying journey right away. Our Mortgage Specialists are friendly, reliable and here to help you find and purchase your perfect home in 2018 or when you’re ready!